Virgin stores md takes wider role

Virgin Entertainment Group has appointed Megastores managing director Simon Wright to the post of chief operating officer as the group embarks on a major expansion drive.

Wright will add responsibility for the launch of Virgin Cinemas overseas to his role managing the foreign expansion of the Megastores chain.

He is taking on both roles on a temporary basis following last week’s departure of Virgin Entertainment chief executive Simon Burke. He has left to join struggling toy retailer Hamleys, as chief executive.

Last month, Virgin announced it is to build three multiplex cinemas in Japan (MW April 1).

The company also has plans to extend its launch of Megastores in Germany in other European markets, as well as expand its presence in the US.

Wright will take charge of the attempted sell-off of 230-outlet music chain Our Price, for which a management buyout bid is being considered.

A deal fell through in the New Year following better-than-expected Christmas trading results. Virgin is believed to be holding out for a higher price.

Virgin spokesman William Whitehorn says Wright will take on the chief operating officer’s role on a temporary basis while a new Megastores managing director is found.

He denies that the departure of Burke will hinder the company’s plans.

He adds: “Simon Wright is well-acknowledged as one of the best retailers of his generation in the UK.

“I’m sure he will do a great job [as chief operating officer].”


COI appoints JWT to anti-smuggling brief

Marketing Week

The Central Office of Information has appointed JWT (Manchester) to handle a campaign against tobacco and alcohol smuggling an activity which costs the Treasury 1.5bn in lost taxes a year. The 3m campaign will encourage people to inform on anyone they suspect of this type of activity. The ads will break in the summer and […]

Post Office faces cuts to 3,500 jobs

Marketing Week

The Post Office is threatening job cuts among 3,500 senior and middle managers as part of a root-and-branch organisational restructure. The cuts, which a spokeswoman says will be made over the next 14 months, are a result of a project initiated by chief executive John Roberts, which aims to make the group quicker on its […]


    Leave a comment